Let’s face it, if you didn’t believe that things will eventually turn around in our economy; home prices will stabilize and begin to appreciate again, the stock market will start to go up and companies will start hiring again, you would be out on the ledge of a very tall building. Even the least optimistic of us believes or knows that there is a bottom to EVERY declining market, it’s just a matter of time. What types of things should we look for to indicate the bottom might be near?
I’m not economist, as a matter of fact I struggled to get a passing grade in Economics in college, but I do consider myself to be a little more than a casual observer of economic indexes and the like. It probably comes from the fact that I have a background in the mortgage industry and spent most of the past 10 years trying to determine where mortgage rates were headed. That said, I have noticed a plethora of really bad news lately and in my experience in life, it seems, to quote a famous cliché, “that it is always darkest before the dawn.” So here is my short list of recent dark statistic;
- Unemployment applications hit highest level in recorded time.
- The stock market is down roughly 50% from it’s October 08 high and currently at levels not seen since about 1997.
- Our economy shrank at the fastest pace in 26 years, at the end of 2008.
- The median price of a home has declined to it’s lowest point since March of 2003.
There are more dark stats but I thought these were some pretty good ones that are affecting most of us. So the bottom line is that you either believe this recession will continue to spiral out of control, ultimately surpassing the great depression, or you don’t. If you do believe that we are headed for another great depression, stop reading and start looking for a ledge. Make sure the ledge is high enough that the fall will kill you, the last thing the economy needs today is a bunch of people on disability income because they lost faith in the American dream. If however, you believe like me and most other Americans that things will turn around, consider the evidence I shared above as an indicator that the end is near and the recovery is in sight.
Again, I am clearly not an economist and my thoughts are based only on a lifetime of observing and a strong dose of optimism but the fact is, based on the numbers above, things can’t get a whole lot worse and with that in mind, I choose to see the glass as half full!
Oh, and by the way, if you are sitting on a pile of cash waiting for things to turn around, get off your ass and make it happen! Just a thought.
Talk about a sign of the times. For the first time since record-keeping began in 1967, the number of Americans seeking unemployment benefits topped 5 million. The number of first time claims also hit record high levels as 667,000 people applied for relief last week. It’s kind of scary as more people lose their jobs, even fewer people are spending money, which affects the bottom line for retailers, distribution, manufacturing, etc. and lends itself to another round of layoffs so the cycle begins again. This can’t go on forever, though it may seem like it for some families.
With his $787 billion stimulus package, President Obama claims he will save the day. I watched his speech on Tuesday night and he seemed quite confident. I really believe he will do anything necessary to get us out of this mess. I’m not sure what the implications will be for our children but at least we can all get back to work.
In the midst of all this gloom and doom, companies are still hiring people and people are still buying homes so maybe it’s not the end of the world after all. Follow me on Twitter, thejobsguy, and I will continue to alert you to open jobs all over the county everyday! We’ll get through this!
Best Buy’s Career Site 2.0
Wednesday, February 18, 2009
1:00 PM – 2:00 PM EST
Presented by Tim Kutzer, Manager Talent Acquisition, Best Buy Co., Inc. and Joshua Kahn, Sr. Pipeline Generation Expert, Accenture, Best Buy Co., Inc
Much discussion in strategic recruitment has centered around “Web 2.0” and employers’ main candidate interface: the career website. Many recruiting experts have also become internet strategists, and in the process, learned valuable lessons both about how job seekers want to interact with employers, and successful online tactics.
Best Buy is one of those organizations that wanted to have their career site become “Web 2.0 compatible”, and recently launched their new web 2.0 career site. Learn about what this means, along with the benefits that Best Buy has gained by upgrading their career site.
It never ceases to amaze me how the media always see the glass half empty. Headline after headline lately telling us of company after company laying off workers. But if you dig in a little, in most cases two things hold true, one, the number of people being laid off in most of these companies is minuscule compared to their total work force and two, most of these companies also have jobs they are currently recruiting for on their career sites.
The trick for job seekers is to know where to look and one place not to be looking during these lean times is the big job boards like Monster, Career Builder and others. The reason is that most companies have seen their recruiting budgets cut so they are posting fewer jobs on the big boards and also, with the media reminding us everyday of how many people are out looking for work, companies with a strong employment brand are seeing more traffic coming to their corporate career sites through search engines like Google, job aggregators like Careerjet and through connecting with recruiters on the social media sites like Facebook, Twitter and LinkedIn.
It’s true, times are tough but don’t despair, change your job search stragtegy to include the new media/tools I mentioned above and know that when the noise from the media gets really loud, that’s usually a sign that things are about to change for the better.
In speaking with recruiters on a daily basis, I’m often asked about Twitter. What is it? How does it work? How can it help me as a recruiter? etc. In my opinion Twitter is a fantastic recruiting tool and also a great tool for people who are looking for a job.
If I were a recruiter I would have a link in my email signature that encourages job seekers to “follow me on Twitter“. Then I would offer to alert them every time I find out about a job opening. I would also tweet links to relevant information, articles, blog posts, events, etc. to help my followers with their job search. The bottom line is that if I keep providing value to my tweeple, I may ultimately make a great hire whether it is a job seeker who is following me or one of their friends who they shared my info with. Doug Berg of Jobs2web created a great video to further explain how recruiters can use Twitter in their recruiting.
If I were a job seeker I would find and follow as many recruiters as possible on Twitter. I think I’ll have a much better chance of connecting with a recruiter by responding to their tweet than by submitting my resume to Monster or Career Builder and waiting for someone to call me. Jason Buss of The Talent Buzz mentioned a great site to help people find recruiters, TweepSearch. He pointed out that you can find 350 HR professionals and 900 recruiters on Twitter using tweepsearch.
There are a lot of great tools out there to help job seekers and recruiters connect. If you are not using Twitter you are missing out.